Monday, January 27, 2014

Lottery Revenue Down in Missouri

The State of Missouri is struggling to meet its education budget due to a fall in the amount of revenue received from river boat gaming and the Missouri Lotto.

The state's budget director, Linda Luebbering, thinks there is still chance for things to pick up before the end of the fiscal year, but there is already a deficit of tens of millions of dollars. The shortfall from river boat gaming is $22 million and the shortfall from Lotto is 13 million.

Luebbering says the governor has proposed using general revenue to make up the shortfall, but the move would need to be approved by the legislature.